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Template:Notification of default paradox: Difference between revisions
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Now you can ask your customer to [[covenant]] or [[warrant]] that it is, and remains, [[solvent]] and that it debt load will not exceed a certain threshold. | Now you can ask your customer to [[covenant]] or [[warrant]] that it is, and remains, [[solvent]] and that it debt load will not exceed a certain threshold. | ||
But this is a tree in a distant forest. You cannot hear it. | But this is a tree in a distant forest. You cannot hear it. No-one else is talking. You rely upon your counterparty to pass this information to you, on pain of that failure being itself an event of default. | ||